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Pages:
10 pages/β‰ˆ2750 words
Sources:
3 Sources
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Research Paper
Language:
English (U.S.)
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MS Word
Date:
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Topic:

AIS. "Submit a Clickable Rubric Assignment" in the Student Center.

Research Paper Instructions:

Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center.
Instructors, training on how to grade is within the Instructor Center.
Assignment 4: Changing the AIS
Due Week 10 and worth 320 points
Migrating to a new accounting information system is not an easy task. Many firms have struggled with this process, even though our textbook makes the process seem quite straightforward. Recently, IBM recapped some of the lessons learned in migrating to a new accounting information system within the federal government. These lessons can be applied to any accounting information system project. Others have developed their own recommendations for best practices and lessons learned involving implementing accounting information systems. However, in order to appreciate what IBM and others are proposing, we need to apply lessons learned to a real-life situation involving the failure to implement an accounting system properly.
For this assignment, research the Internet or Strayer databases for information related to a real-life accounting information system failure and best practices, as well as lessons learned from implementing the accounting system. In addition to information that you may find during your research, please use the following IBM article to complete the assignment: (http://www(dot)businessofgovernment(dot)org/article/what-we-know-now-lessons-learned-implementing-federal-financial-systems-projects).
Write a ten to twelve (10-12) page paper in which you:
Identify three to five (3-5) factors that contributed to the accounting information system failure within the business that you have identified. Indicate the impact to the business. Provide support for your rationale.
Assess senior management responsibility for the failure in question. Specify what the senior management could have done differently to avoid the failure. Provide support for your rationale.
Evaluate whether the most significant failure occurred within the system design, implementation, or operational phase of the process. Indicate what the company could have done to avoid the failed outcome. Provide support for your rationale.
Evaluate how implementing best practices would have reduced the chances for failure. Provide support for your rationale.
Based on your research, develop a list of between four (4) and six (6) best practices that organizations should use today to reduce the chances for failure. Provide support for your rationale.
Using the information provided by IBM and others, indicate which of the principles designed to provide insight into effective and efficient strategies on how to best deploy financial management systems, which were outlined within the related article, should serve as an example of what not to do when establishing the foundation for a firm to follow. Your proposed foundation should consist of at least two (2) principles, but no more than six (6). Provide support for your rationale.
Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Analyze the business activities that comprise an accounting information system to determine the information needs to support decision-making function.
Examine the phases of the systems development life cycle and key issues related to systems analysis.
Analyze the systems design, implementation, and operational process.
Use technology and information resources to research issues in accounting information systems.
Write clearly and concisely about accounting information systems using proper writing mechanics.
Click here to view the grading rubric for this assignment.

Research Paper Sample Content Preview:

RBS AIS Failure
Name
Institution
Accounting Information Systems (AIS)
Accounting information systems provide business with the ability of collecting, storing, managing, processing, retrieving and reporting their financial data so that they can be used by their consultants and accountants, the managers, business analysts, chief financial officers, tax authorities, auditors and financial regulators (Medina-Quintero, Mora & Abrego, 2015). When working with the AIS systems, there is need to ensure a high level of accuracy. AIS systems are made up of software, information and communication technologies, people, internal controls, procedure and instructions and data. All these components need to work together to ensure that the accounts of the organization run smoothly.
When working with AIS, there is need to place focus on the facts. There is also need to ensure that information is captured in a timely and accurate manner. Most importantly, any data captured should be thoroughly checked for validity. Otherwise, they systems would be characterized by several failures.
Royal Bank of Scotland AIS Failure
Accounting information systems (AIS) have changed the way business is done especially in the banking sector. AIS have played an important role in capturing financial information and generating reports that can be used to analyze the financial performance of businesses. However, over the years, several institutions have faced massive AIS failures that have resulted in losses and dissatisfaction among customers. Royal Bank of Scotland has had its fair share of system failures. In June 2015, an AIS failure caused close to 600,000 payments to go missing. The main cause of the failure was using new systems on top of the old ones. The bank failed to entirely replace their old systems while times had changed and new regulatory requirements had come in play. Even as this happened, the bank failed to acknowledge that their old systems were not effective enough to meet the increasing demands from the customers. The systems were designed to support a limited number of customers. But currently, the bank services a large number of customers and yet they have failed to make changes to cater for that.
The second reason for the failure of the systems is lack of adequate testing when installing system updates. Just as other banking institutions, RBS has been forced to cut short the number of their IT staff. Consequently, they have ended up with a limited number of IT technicians. Some of them appear gifted and yet they are not field ready to handle technical issues. As a result, when they updated the systems of the company, they never performed adequate testing to ensure that everything was running smoothly and without any hitches. Instead, issues were uncovered after deploying the updates and this was coupled with their lack of technical knowhow on how to handle these issues and make adequate corrections.
Finally, there was a failure to track all the changes that were made in the systems to ensure that they were correctly taken care of. AIS software used in banks can be very complicated and making a small change in one part of the system may require making multiple changes within the system. However, when changes were made, ther...
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